Elon Musk asked a US judge Thursday to halt an upcoming trial over his troubled bid to take over Twitter, after the embattled social media company balked at the Tesla's chief's demand to freeze the litigation.. Analysts say the litigation provides leverage to Twitter against the risk of another shift by Musk.
Elon Musk asked a US judge Thursday to suspend Twitter's lawsuit over their troubled takeover negotiations after the embattled social media company balked at the Tesla's chief's demand to freeze the litigation.. Twitter said Tuesday it expects to close the buyout deal at the $54.20 price in a statement that did not address Musk's demands over freezing the litigation.
The global economy is at a difficult crossroads, buffeted by multiple shocks including soaring inflation, rising interest rates and a growing threat of broad debt crisis, but IMF Managing Director Kristalina Georgieva told AFP that institutions are better prepared to weather this storm.. What we need to recognize is that the Chinese institutions are still working their way through debt issues.
The World Bank has pumped $14.8 billion into fossil fuel projects globally in the period following the landmark Paris climate accord, a report said Thursday.. The biggest project listed in the report, called "Investing in Climate Disaster: World Bank Finance for Fossil Fuels," was the Trans-Anatolian Pipeline in Azerbaijan, funded in 2018 to the tune of $1.1 billion.
IBM hosted US President Joe Biden Thursday to celebrate the announcement of a $20-billion investment in semiconductors, quantum computing and other cutting-edge technology in New York state.. "This investment includes breakthroughs in semiconductor technology, mainframe computers, quantum computers and artificial intelligence," Krishna said.
The White House on Thursday said "all options" are being considered after the OPEC+ group's decision to cut oil production, despite US arguments that this will raise fuel costs and endanger world economies.. Deese said the OPEC+ decision is "unwarranted" at a time when the global economy is in such weak condition and that "the lack of supply continues to be a significant challenge" for consumers.
The World Bank and development lenders need to evolve to tackle the complex challenges that the world is facing, such as by going beyond country-based lending, US Treasury Secretary Janet Yellen said Thursday.. Apart from the traditional country-based lending model, Yellen called for considering expanded options, such as for development banks to support both global and regional entities.
A French court on Thursday slashed more than 700 million euros from a record 1.1-billion-euro fine imposed on US tech giant Apple in 2020, sources close to the case told AFP. France's competition authority levied the fine -- its biggest ever -- after concluding that the firm squeezed independent sellers of Apple products as it tried to push buyers towards its own stores and preferred retailers.. But the Paris appeal court revised the decision and knocked 728 million from the fine, meaning Apple still faces having to pay 370 million euros.
By ignoring the United States and slashing its oil production, the OPEC+ group of petro-states demonstrated the tightening bond between Saudi Arabia, normally a close US ally, and Russia.. "It has survived turbulent periods, including a short but devastating price war between the two heavyweights, Saudi Arabia and Russia in 2020," Varga said, referring to disagreements on production levels.
IMF chief Kristalina Georgieva urged global policymakers Thursday to take concerted action to avoid a "dangerous 'new normal,'" as the risks of a worldwide recession are driven ever higher by repeated economic shocks.. Policymakers need to act together to "prevent this period of heightened fragility from becoming a dangerous 'new normal,'" Georgieva said.
